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US Aircraft Carrier in the Arabian Sea
July 16th, 2026 - 06:46 GMT
P. Choiaqo

P. Choiaqo

Saudi Arabia to buy $2 billion worth of weapons from the US

ALBAWABA - The sale of an estimated $1.96 billion worth of weapons focused on air defenses to Saudi Arabia has been approved, according to the U.S. State Department. The weapons sought by the Kingdom of Saudi Arabia are around 20,000 Advanced Precision Kill Weapon Systems and its warheads which are described as "an inexpensive way to destroy targets while limiting collateral damage in close combat.” According to the U.S. Navy ...
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Prince Alwaleed Bin Talal and Kingdom Holding Company invested $300 million in Twitter in 2011 (Courtesy of the Guardian)
November 11th, 2013 - 09:10 GMT

Tweeting has never been better for Saudi Prince's Twitter investments

Abu Dhabi plans to expand its mall space to 798, 966 square meters within the next four years (Courtesy of UAE Style Magazine)
November 11th, 2013 - 08:54 GMT

Abu Dhabi reels in retail scene

Bahrain's labor fund Tamkeen offers training budget subsidies to employers to pay increase subsidies for employees who have participated in Tamkeen development trainings (Courtesy of Bahrain News Agency)
November 11th, 2013 - 08:36 GMT

Bahrain launches employee training program, and is picking up part of the tab too

Lufthansa will end all of its flights to Sudan by January 19, 2014 (Courtesy of the Telegraph)
November 11th, 2013 - 08:06 GMT

German airline to end all flights to Sudan in January

Regional ministers said that Gulf residents are 'taking advantage' of government energy subsidies and opting for vehicles that have big engines and are not fuel efficient (Courtesy of Boston University)
November 11th, 2013 - 07:20 GMT

Subsidies are the culprit for 'excessive' energy consumption in GCC, say ministers

Middle Eastern investors were one of the most active buyers of hotel real estate in 2012 (Shutterstock)
November 11th, 2013 - 06:56 GMT

Investing to accomodate: hotel purchases up 50%, Middle East considered 'most active buyers'

Lack of investing options are holding back the growth of Islamic pension funds. (Image credit: Shutterstock)
November 11th, 2013 - 06:04 GMT

The pent up $190 billion opportunity in Islamic retirement funds

The return of Iran to the international community would be beneficial for its neighbouring countries including the Gulf Arab states, a top international oil executive has said.
November 11th, 2013 - 04:55 GMT

GCC to get a 'kick' out of lifting sanctions on Iran

Earlier this year, KIA said that it has more than doubled its investments in the UK over the last 10 years.
November 11th, 2013 - 04:55 GMT

Anything for those Sovereign Wealth Funds: the UK's heavy flirting with Kuwait for investments

The United Arab Emirates has ranked eighth in the world in a survey of the most important global buyers of new build property.
November 11th, 2013 - 04:55 GMT

Sorry Dubai, UAE investors favour London, Paris, and New York for property purchases

At the start of November, the bank returned a $500m deposit to Qatar after Qatar refused to renew it upon its maturity, Reuters reported last Wednesday.
November 10th, 2013 - 08:44 GMT

Egypt's Foreign Reserves Drop and Qatar might have something to do with it

Lebanon is still looking to sign some agreements with smartphone manufacturers that use 4G in an effort to grow the use of this new technology in the country (Shutterstock)
November 10th, 2013 - 08:38 GMT

Where are the 4G smartphone users in Lebanon?

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